Fix and Flip Calculator

[Lem Diaz]

Hi Investors,

I created a fix and flip calculator with the help of ChatGPT.  Like all these, there are nuances you should understand before taking things at face value.  For example, the way you structure your financing will materially impact which fields you use and which you don't.  In the base example data that's in there the funding is coming from an SBLOC and the rehab costs are being folded into the financing costs and there are no origination fees. In cases where you're doing a more traditional loan you may have lender fees. 

I hope this helps folks. I'm fairly new to flipping myself, so please feel free to provide constructive feedback on the sheet, download it and edit to make it your own, etc. The standard disclaimer is to make sure you feel comfortable with the formulas before taking any of this as fact.

Cheers and happy hunting!

Lem

[Jasper Kinoti]

@Lem Diaz awesome sheet thanks for sharing. The SBLOC vs traditional financing toggle is a great as most templates miss that nuance. I am actually working on a Chrome extension that solves the step before this sheet in estimating the rehab costs from the Zillow photos i.e. instead of guessing if the kitchen is $10k or $20k, AI scans the photos and gives a baseline estimate to plug into your sheet.

Since you are actively analyzing deals, I would love to let you try it for free to see if the rehab estimate it gives matches what you are putting in your calculator. Let me know if you're open to testing it